Asia
Briefs

Updated March 20, 2000 1:34 a.m. ET

Korea Telecom, China Telecom Plan Alliance

Korea Telecom , South Korea's state-run telecommunications giant, said Monday it has reached an agreement with China Telecom (HK) Ltd. on a strategic alliance in which both companies will expand Internet cable lines between Korea and China, initiate various international data services, as well as engage in joint marketing. Financial details weren't provided. In January, Korea Telecom said it will start offering high-speed Internet services with Japan's Nippon Telegraph & Telephone Corp. Red chip China Telecom, the largest capitalized stock trading in Hong Kong, is a...